Sectoral Booms and Misallocation of Managerial Talent : Evidence from the Chinese Real Estate Boom /

This paper identifies a new mechanism leading to inefficiency in capital reallocation at the extensive margin when an economy experiences a sectoral boom. I argue that imperfections in the financial market and capital barriers to entry in the booming sector create a misallocation of managerial talen...

Полное описание

Библиографические подробности
Главный автор: Shi, Yu
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2018.
Серии:IMF Working Papers; Working Paper ; No. 2018/221
Online-ссылка:Full text available on IMF